Effex Capital, LLC v. Nat'l Futures Ass'n

Ripple, Circuit Judge.

Effex Capital, LLC ("Effex"), brought this action alleging that the National Futures Association (the "NFA") had defamed it in documents related to a settlement between the NFA and one of its members, Forex Capital Markets, LLC ("FXCM").1 It sought injunctive relief and *885damages. The district court dismissed the action, holding that Effex had failed to exhaust its administrative remedies.2 Effex timely appealed the district court's dismissal.3

For the reasons set forth more fully in the following opinion, we now affirm the judgment of the district court.4 In the Commodity…